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Sandhar Technologies

BSE:541163
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
541163
BSE
₹17B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Sandhar Technologies Limited, together with its subsidiaries, manufactures, assembles, and sells automotive components for two wheelers, four wheelers, and commercial vehicle industry in India and Europe. The last earnings update was 52 days ago. More info.


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541163 Share Price and Events
7 Day Returns
-0%
BSE:541163
0.6%
IN Auto Components
1.3%
IN Market
1 Year Returns
-21.7%
BSE:541163
-26.2%
IN Auto Components
-1.5%
IN Market
541163 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sandhar Technologies (541163) -0% -0.3% 6.7% -21.7% - -
IN Auto Components 0.6% -3.5% -14.5% -26.2% 2.8% 49.6%
IN Market 1.3% -0.8% -3.7% -1.5% 22.6% 33.9%
1 Year Return vs Industry and Market
  • 541163 outperformed the Auto Components industry which returned -26.2% over the past year.
  • 541163 underperformed the Market in India which returned -1.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

541163 Value

 Is Sandhar Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sandhar Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sandhar Technologies.

BSE:541163 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:541163
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.265 (1 + (1- 35%) (15.62%))
1.264
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.264 * 8.6%)
18.42%

Discounted Cash Flow Calculation for BSE:541163 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sandhar Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:541163 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.42%)
2020 632.46 Est @ 8.57% 534.09
2021 684.71 Est @ 8.26% 488.28
2022 739.82 Est @ 8.05% 445.53
2023 798.26 Est @ 7.9% 405.95
2024 860.48 Est @ 7.79% 369.53
2025 926.92 Est @ 7.72% 336.15
2026 998.01 Est @ 7.67% 305.64
2027 1,074.20 Est @ 7.63% 277.80
2028 1,155.93 Est @ 7.61% 252.44
2029 1,243.68 Est @ 7.59% 229.36
Present value of next 10 years cash flows ₹3,644.77
BSE:541163 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹1,243.68 × (1 + 7.55%) ÷ (18.42% – 7.55%)
₹12,307.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹12,307.26 ÷ (1 + 18.42%)10
₹2,269.74
BSE:541163 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,644.77 + ₹2,269.74
₹5,914.52
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,914.52 / 60.19
₹98.26
BSE:541163 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:541163 represents 0.99487x of NSEI:SANDHAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99487x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 98.26 x 0.99487
₹97.76
Value per share (INR) From above. ₹97.76
Current discount Discount to share price of ₹280.75
= -1 x (₹280.75 - ₹97.76) / ₹97.76
-187.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sandhar Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sandhar Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sandhar Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:541163 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹15.92
NSEI:SANDHAR Share Price ** NSEI (2019-07-18) in INR ₹282.2
India Auto Components Industry PE Ratio Median Figure of 102 Publicly-Listed Auto Components Companies 14.01x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sandhar Technologies.

BSE:541163 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SANDHAR Share Price ÷ EPS (both in INR)

= 282.2 ÷ 15.92

17.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sandhar Technologies is overvalued based on earnings compared to the IN Auto Components industry average.
  • Sandhar Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Sandhar Technologies's expected growth come at a high price?
Raw Data
BSE:541163 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.8%per year
India Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.33x
India Market PEG Ratio Median Figure of 537 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sandhar Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sandhar Technologies's assets?
Raw Data
BSE:541163 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹119.52
NSEI:SANDHAR Share Price * NSEI (2019-07-18) in INR ₹282.2
India Auto Components Industry PB Ratio Median Figure of 112 Publicly-Listed Auto Components Companies 1.52x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
BSE:541163 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SANDHAR Share Price ÷ Book Value per Share (both in INR)

= 282.2 ÷ 119.52

2.36x

* Primary Listing of Sandhar Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sandhar Technologies is overvalued based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Sandhar Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Sandhar Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

541163 Future Performance

 How is Sandhar Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Sandhar Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sandhar Technologies expected to grow at an attractive rate?
  • Sandhar Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Sandhar Technologies's earnings growth is positive but not above the India market average.
  • Sandhar Technologies's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:541163 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:541163 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.8%
BSE:541163 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.4%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 9%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:541163 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:541163 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 28,312 1
2020-03-31 26,987 1
BSE:541163 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 23,358 959
2018-03-31 19,464 1,880 650
2017-03-31 16,114 955 413

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sandhar Technologies's earnings are expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
  • Sandhar Technologies's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:541163 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sandhar Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541163 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
BSE:541163 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 15.92
2018-03-31 12.68
2017-03-31 8.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sandhar Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sandhar Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sandhar Technologies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

541163 Past Performance

  How has Sandhar Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sandhar Technologies's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sandhar Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Sandhar Technologies's 1-year earnings growth exceeds its 5-year average (47.4% vs 22.4%)
  • Sandhar Technologies's earnings growth has exceeded the IN Auto Components industry average in the past year (47.4% vs 4.8%).
Earnings and Revenue History
Sandhar Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sandhar Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541163 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 23,358.24 958.52 3,116.91
2018-03-31 19,463.51 650.21 2,785.36
2017-03-31 16,113.90 412.55 2,446.11
2016-03-31 15,132.19 334.50 2,189.10
2015-03-31 14,820.52 382.82 1,984.02
2014-03-31 12,650.01 331.09 1,735.02
2013-03-31 11,599.51 190.58 1,688.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sandhar Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sandhar Technologies used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Sandhar Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sandhar Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sandhar Technologies has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

541163 Health

 How is Sandhar Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sandhar Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sandhar Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sandhar Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sandhar Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sandhar Technologies Company Filings, last reported 3 months ago.

BSE:541163 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,230.98 2,678.89 270.79
2018-03-31 6,370.72 4,707.87 2,617.71
2017-03-31 3,043.48 4,470.23 77.89
2016-03-31 2,754.79 3,897.37 70.38
2015-03-31 2,607.47 3,642.31 72.66
2014-03-31 2,100.24 3,240.57 27.05
2013-03-31 1,806.11 2,771.64 100.32
  • Sandhar Technologies's level of debt (37%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (157.8% vs 37% today).
  • Debt is well covered by operating cash flow (70.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Sandhar Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sandhar Technologies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

541163 Dividends

 What is Sandhar Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.89%
Current annual income from Sandhar Technologies dividends. Estimated to be 0.78% next year.
If you bought ₹2,000 of Sandhar Technologies shares you are expected to receive ₹18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sandhar Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Sandhar Technologies's dividend is below the markets top 25% of dividend payers in India (2.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:541163 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:541163 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.37 1.00
2020-03-31 2.03 1.00
BSE:541163 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-27 2.500 0.873
2018-11-05 2.500 0.879
2018-05-28 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Sandhar Technologies has stable dividend payments.
  • Sandhar Technologies only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Sandhar Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (11.5x coverage).
X
Income/ dividend checks
We assess Sandhar Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sandhar Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sandhar Technologies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

541163 Management

 What is the CEO of Sandhar Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jayant Davar
COMPENSATION ₹54,722,000
AGE 58
CEO Bio

Mr. Jayant Davar Founded Sandhar Technologies Limited in 1985 and serves as its Co-Chairman and Managing Director. Mr. Davar served as Vice Chairman at Sandhar Technologies Limited and has been its Director since October 24, 1987. Mr. Davar serves as a Director of SLD Auto Ancillary Limited, Sandhar Steady Stream Tooling Pvt. Ltd. and KDB Investments Pvt. Ltd. He served as Non-Executive Independent Director of Vardhman Special Steels Limited since November 9, 2013 until January 16, 2019. He served as an Independent Director of GS Auto International Limited from August 2, 2011 to April 10, 2013. He served as an Independent Non-Executive Director of Halonix Ltd. since September 25, 2006 until November 30, 2010. Mr. Davar is a Mechanical Engineer and also an Alumi of Harward business School.

CEO Compensation
  • Insufficient data for Jayant to compare compensation growth.
  • Jayant's remuneration is higher than average for companies of similar size in India.
Management Team

Jayant Davar

TITLE
Founder
COMPENSATION
₹55M
AGE
58

Arvind Joshi

TITLE
CFO, Compliance Officer
COMPENSATION
₹16M
AGE
53
TENURE
13.5 yrs

Ram Malik

TITLE
Chief Operating Officer
AGE
58

Chandan Sengupta

TITLE
Senior Vice President of Human Resources
AGE
57

Niraj Hans

TITLE
Chief Operating Officer of Automotives Division
AGE
50

Juan Vilar

TITLE
Managing Director of Sandhar Technologies Barcelona
AGE
50

Gurvinder Singh

TITLE
Deputy Chief Operating Officer
AGE
54

Yatendra Chauhan

TITLE
Chief Operating Officer of Sheet Metal and Tooling Division
AGE
54

Rajeev Bhattacharya

TITLE
Senior Vice President of Central Procurement Division
AGE
59
Board of Directors Tenure

Average tenure and age of the Sandhar Technologies board of directors in years:

16.3
Average Tenure
62
Average Age
  • The average tenure for the Sandhar Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dharmendar Davar

TITLE
Chairman
COMPENSATION
₹500K
AGE
85

Jayant Davar

TITLE
Founder
COMPENSATION
₹55M
AGE
58

Arvind Joshi

TITLE
CFO, Compliance Officer
COMPENSATION
₹16M
AGE
53
TENURE
6.1 yrs

Ravinder Nagpal

TITLE
Independent Director
COMPENSATION
₹780K
AGE
63
TENURE
18.5 yrs

Krishan Chugh

TITLE
Independent Director
COMPENSATION
₹585K
AGE
82
TENURE
16.3 yrs

Arjun Sharma

TITLE
Independent Director
COMPENSATION
₹350K
AGE
53

Monica Davar

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹500K
AGE
54
TENURE
32.5 yrs

Mohan Bhagat

TITLE
Independent Director
COMPENSATION
₹300K
AGE
83
TENURE
26.4 yrs

Arvind Kapur

TITLE
Independent Director
COMPENSATION
₹725K
AGE
69
TENURE
13.8 yrs

Archana Capoor

TITLE
Additional Non-Executive Independent Director
AGE
61
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sandhar Technologies individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
18. Jun 19 Buy Jayant Davar Individual 17. Jun 19 17. Jun 19 37 ₹278.00 ₹10,286
08. Jun 19 Buy Jayant Davar Individual 07. Jun 19 07. Jun 19 1,380 ₹290.00 ₹400,200
15. Feb 19 Buy Jayant Davar Individual 15. Feb 19 15. Feb 19 2,000 ₹262.25 ₹524,500
11. Dec 18 Buy Sanjeevni Impex Private Limited Company 11. Dec 18 11. Dec 18 621 ₹314.95 ₹195,583
08. Jan 19 Buy Jayant Davar Individual 08. Jan 19 08. Jan 19 7,000 ₹299.59 ₹2,097,099
04. Jan 19 Buy Jayant Davar Individual 04. Jan 19 04. Jan 19 997 ₹315.60 ₹314,657
19. Dec 18 Buy Sanjeevni Impex Private Limited Company 19. Dec 18 19. Dec 18 1,198 ₹313.08 ₹375,066
18. Dec 18 Buy Sanjeevni Impex Private Limited Company 17. Dec 18 17. Dec 18 5,174 ₹315.26 ₹1,631,165
13. Dec 18 Buy Sanjeevani Impex Pvt Ltd Company 13. Dec 18 13. Dec 18 5,319 ₹316.07 ₹1,681,166
12. Dec 18 Buy Sanjeevani Impex Pvt Ltd Company 12. Dec 18 12. Dec 18 3,000 ₹323.27 ₹969,800
11. Oct 18 Buy Jayant Davar Individual 09. Oct 18 10. Oct 18 5,471 ₹310.39 ₹1,698,128
22. Sep 18 Buy Jayant Davar Individual 21. Sep 18 21. Sep 18 6,000 ₹336.70 ₹2,020,207
14. Aug 18 Buy Jayant Davar Individual 13. Aug 18 14. Aug 18 2,000 ₹351.25 ₹702,500
X
Management checks
We assess Sandhar Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sandhar Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

541163 News

Simply Wall St News

541163 Company Info

Description

Sandhar Technologies Limited, together with its subsidiaries, manufactures, assembles, and sells automotive components for two wheelers, four wheelers, and commercial vehicle industry in India and Europe. It offers locking systems, vision systems, door handles, hinges and latches, sheet metal components, zinc die casting products, aluminum die casting products, plastic injection molding products, wheel rims and assemblies, handle bars, clutches and fender assemblies, brake panels, fuel senders/sensors, cabins and fabrication products, relays, magnesium die casting products, polymers, helmets, assemblies, spools, spindles, sprockets, and steel metal components; and commercial tooling products, such as plastic molds, and zinc and aluminum PDC dies, as well as painting, plating, and coating solutions. The company also offers operator cabins, canopies, housings, panels, switchboards, and control cabinets. It supplies components to original equipment manufacturers (OEMs) in two wheeler, passenger vehicle, commercial vehicle, off-highway vehicle, and tractor segments, as well as in non-automotive OEMs. The company was incorporated in 1987 and is headquartered in Gurugram, India.

Details
Name: Sandhar Technologies Limited
541163
Exchange: BSE
Founded: 1987
₹17,154,351,780
60,190,708
Website: http://www.sandhargroup.com
Address: Sandhar Technologies Limited
Plot no. 13,
Sector-44,
Gurugram,
Haryana, 122002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SANDHAR Equity Shares National Stock Exchange of India IN INR 02. Apr 2018
BSE 541163 Equity Shares Mumbai Stock Exchange IN INR 02. Apr 2018
Number of employees
Current staff
Staff numbers
2,392
Sandhar Technologies employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:09
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/02
Last earnings filing: 2019/05/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.